All Market Intelligence articles – Page 87
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NewsFirst-time boat buyers up 34% in US
New empirical data confirms anecdotal reports of high numbers of new boaters entering US market
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NewsHong Kong boating market shines while the rest of Asia struggles
The market is looking forward to the 1st Hong Kong Yacht Show in November
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NewsUS boat sales up 59% in May
The National Marine Manufacturers Association (NMMA) released new data on Wednesday confirming a surge in US boat sales for the month of May, with volumes rebounding by 59% over April’s numbers and growth observed across virtually every product category.
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NewsN&J researches Covid-19 and the response of UHNWIs and their spending
New research undertaken by international yacht services provider Northrop & Johnson (N&J) highlights that businesses in the luxury products and experiences sector will have to adapt how they deal with UNHWIs (ultra-high-net-worth individuals) in response to the challenges posed by Covid-19.
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NewsSuperyachts to play key role in Bermuda’s economic recovery
The Atlantic island of Bermuda has missed out on a number of international yacht regattas and sports fisher boat competitions, but the island’s government is now actively pursuing the superyacht market with the objective that it could make a key contribution in the country’s economic recovery.
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News2019 Dutch superyacht output: fewer but more valuable, greener vessels
Amels’ 83m Here Comes the Sun The Dutch superyacht sector delivered 17 yachts last year, worth just over €1bn, the Netherlands Maritime Technology (NMT) trade group says in its 2019 annual report. While this is a drop in numbers, NMT says the value of yachts on order ...
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NewsRussian boating sector ready for breakthrough
Russian Yachting Federation CEO believes Russia’s domestic yachting scene could take off post-Covid, with the right state backing
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NewsCovid-19 proves boost for North European passage charter
Dockside.ai says it has seen a significant rise in enquiries in last two months for charter in Northern Europe and Arctic fringe
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NewsGlobal boat industry report published
Research firm expects a 25% drop in global boat sales for 2020
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FeatureThe current state of play at the top of the market
New superyacht orders continue but the industry waits to count the true cost of Covid-19. David Robinson provides an 18-page round-up on the key sectors of the business, including order estimates for the first 5 months of 2020.
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VideoA perfect storm? Or more subtle forces at play?
IBI Editor Ed Slack contemplates boating’s prospects in the wake of Covid-19, looking at two potential scenarios for the industry and how they might play out over the rest of the year. See our presentation above (18 mins) and watch this space for more.
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NewsPortugal sees boating boost, but age old problems peg back growth
Portugal may have dodged the Covid bullet, but persistent problems continue to hinder the market
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NewsDomestic tourism could supercharge Russian leisure boating
Investment in infrastructure as Russian holidaymakers take to domestic waters this summer
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NewsScandinavia sees uptick in buyer interest
Reports of strong buyer interest at dealerships in America are being echoed in Scandinavia where the summer season is approaching and buyers are looking for alternative holiday options
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NewsEU headed for ‘deep, uneven recession of historic proportions’
The EU head office says the coronavirus pandemic is savaging the European Union economy this year, creating a “recession of historic proportions”. It adds Western Europe will not fully recover until at least the end of 2021. In its spring economic forecasts, the European Commission says the economies of the ...
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NewsYacht transport continues despite uncertainty over Med season outlook
While the future of the Mediterranean season for yacht and superyacht cruising and charter is unknown at this point in time, arrangements to transport yachts into key Med locations continues apace. Taking the yachting centre of Palma in Mallorca as an example, a number of yacht transport ships have been ...
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Report
Market Overview | Denmark
Full order books and momentum from a healthy 2019 have bought builders and their suppliers vital time in the COVID-19 battle
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Report
Market Overview | Finland
Off the back of one of the most positive Helsinki boat shows in years, Finland’s marine industry had been looking forward to a buoyant 2020. Now it waits anxiously to see what tomorrow brings
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Report
Market Overview | Gemany
Cracks were already beginning to appear in the industry, despite a buoyant Boot Düsseldorf, with growing sales of bigger boats masking softness in other sectors. Covid-19 has now set alarm bells ringing
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NewsNetherlands: longer lockdown puts 20,000 sector jobs at risk
The Netherlands has extended its coronavirus lockdown through May 20, piling on the economic pain for the boating and leisure sectors that expect damage to total €1bn. The HISWA-RECRON lobby also says close to 20,000 jobs are at risk. It has expressed dismay that the government has not yet accepted ...
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